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From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. [2] In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. [3] By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. [4]
Toronto is the centre of this boom, with 17,000 new units being sold in 2005, more than double second place Miami's 7,500 units. [9] Toronto's condo population has grown from 978,125 in 2011 to 1.478 million people in 2016 representing 54.7% of the city population according to Toronto Condo News. [10]
Depending upon where in the United States you live, it's one of the more expensive countries to live in. Yet 50 other countries are also considered the most expensive in the world, though many of ...
The 2023 Worldwide Cost of Living surveyed 173 major cities, comparing more than 400 individual prices across 200 products and services. It excluded Venezuela’s Caracas, where prices have risen ...
The demographics of Toronto, Ontario, Canada make Toronto one of the most multicultural and multiracial cities in the world. In 2021, 57.0 percent of the residents of the metropolitan area belonged to a visible minority group, compared with 51.4 percent in 2016, and 13.6 percent in 1981.
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The economy of Toronto is the largest contributor to the Canadian economy, at 20% of the national GDP, and an important economic hub of the world. [1] Toronto is a commercial, distribution, financial and industrial centre. It is Canada's banking and stock exchange centre and is the country's primary wholesale and distribution point.
Toronto's unemployment rate was 6.7 percent as of July 2016. [170] According to the website Numbeo, Toronto's cost of living plus rent index was second highest in Canada (of 31 cities). [171] The local purchasing power was the sixth lowest in Canada, mid-2017. [172] The average monthly social assistance caseload for January to October 2014 was ...